Induction Motor Market Report: Trends, Forecast and Competitive Analysis

Trends, opportunities and forecast in induction motor market to 2024 by supply phase (single phase induction motor and three phase induction motor), end use industry (residential , industrial, and commercial), efficiency class (IE1, IE2, IE3, and IE4), and region ( North America, Europe, Asia Pacific, and Rest of the World).

Publisher: Lucintel Published: May 2026
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Induction Motor Market Report: Trends, Forecast and Competitive Analysis

Report Feature

The future of the induction motor market looks promising with opportunities in the residential, industrial, and commercial sectors. The induction motor market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market are factors driving the induction motor market include economical cost and low maintenance of the induction motors.

A more than 150 pages report is developed to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of induction motor market report download the report brochure.








 


The study includes the Induction Motor market size and forecast for the induction motor market through 2024, segmented by supply phase, end use industry, efficiency type, and region type as follows:

By Supply Phase Type [$M shipment analysis for 2013 – 2024]:
  • Single Phase Induction Motor
  • Three Phase Induction Motor

By End Use Industry [$M shipment analysis for 2013 – 2024]:
  • Residential
  • Industrial
  • Commercial

By Efficiency Type [$M shipment analysis for 2013 – 2024]:
  • IE1
  • IE2
  • IE3
  • IE4

By Region [$M shipment analysis for 2013 – 2024]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • Italy
  • Asia Pacific
    • China
    • Japan
    • India
  • RoW

Some of the induction motor companies profiled in this report include Nidec Motor Corporation, ABB, Siemens, WEG Electric Corp, Emerson Electric Co., Ametek, Baldor Electric, Brook Crompton, Johnson Electric Holdings and Regal Beloit and others

Some of the features of Induction Motor Market Report: Trends, Forecast, and Opportunity Analysis include:
  • Market size estimates: Induction motor market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by end use industry.
  • Segmentation analysis: Market size by various segments such as by supply phase, end use industry, efficiency class, and region.
  • Regional analysis: Induction motor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for Induction Motor in the induction motor market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for, induction motor in the induction motor market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the induction motor market by supply phase (single phase induction motor and three phase induction motor), end use industry (residential, industrial, and commercial), efficiency class (IE1, IE2, IE3, and IE4), and region (APAC, North America, Europe, and ROW)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the induction motor market?
Q.5 What are the business risks and threats to the induction motor market?
Q.6 What are emerging trends in this Induction Motor market and the reasons behind them?
Q.7 What are some changing demands of customers in the induction motor market?
Q.8 What are the new developments in the induction motor market? Which companies are leading these developments?
Q.9 Who are the major players in this induction motor market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this induction motor area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this, induction motor market?

Table of Contents

1. Executive Summary 2. Market Trends and Forecast Analysis from 2013 to 2024 2.1: Introduction, Background, and Classification 2.2: Supply Chain 2.3: Industry Drivers and Challenges
3.3.1 Residential 3.3.2: Industrial 3.3.3: Commercial
5. Competitor Analysis 5.1: Product Portfolio Analysis 5.2: Market Share Analysis 5.3: Operational Integration 5.4: Geographical Reach 5.5: Porter’s Five Forces Analysis 7. Company Profiles of Leading Players 7.1: Nidec Motor Corporation 7.2: ABB Ltd. 7.3: Siemens AG 7.4: WEG Electric Corp 7.5: Emerson Electric Co. 7.6: Ametek 7.7: Baldor Electric 7.8: Brook Crompton 7.9: Johnson Electric Holdings 7.10: Regal Beloit

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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